A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Pricing Forecast
1.3 Regulatory Landscape
1.4 Stakeholder Analysis
1.4.1 Use Case
1.4.2 End User and Buying Criteria
1.5 Impact Analysis for Key Global Events
1.6 Market Dynamics Overview
1.6.1 Market Drivers
1.6.2 Market Restraints
1.6.3 Market Opportunities
2.1 Application Segmentation
2.2 Application Summary
2.3 Identity Verification Market by End-Use Industry
2.3.1 Banking, Financial Services and Insurance (BFSI)
2.3.2 Government and Private Institutions
2.3.3 Aerospace and Defense
2.3.4 Pharmaceutical and Healthcare
2.3.5 Retail and E-commerce
2.3.6 Others
2.4 Identity Verification Market by Deployment
2.4.1 On-Premise
2.4.2 Cloud
2.5 Identity Verification Market by Organization Size
2.5.1 Small and medium-sized enterprises
2.5.2 Large Enterprises
3.1 Product Segmentation
3.2 Product Summary
3.3 Identity Verification Market by Offering
3.3.1 Solutions
3.3.2 Service
3.4 Identity Verification Market by Type
3.4.1 Biometrics
3.4.2 Non-Biometrics
4.1 Identity Verification Market - by Region
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 U.S.
4.2.6.1 Market by Application
4.2.6.2 Market by Product
4.2.7 Canada
4.2.7.1 Market by Application
4.2.7.2 Market by Product
4.2.8 Mexico
4.2.8.1 Market by Application
4.2.8.2 Market by Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Germany
4.3.6.1 Market by Application
4.3.6.2 Market by Product
4.3.7 France
4.3.7.1 Market by Application
4.3.7.2 Market by Product
4.3.8 U.K.
4.3.8.1 Market by Application
4.3.8.2 Market by Product
4.3.9 Italy
4.3.9.1 Market by Application
4.3.9.2 Market by Product
4.3.10 Rest-of-Europe
4.3.10.1 Market by Application
4.3.10.2 Market by Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 China
4.4.6.1 Market by Application
4.4.6.2 Market by Product
4.4.7 Japan
4.4.7.1 Market by Application
4.4.7.2 Market by Product
4.4.8 India
4.4.8.1 Market by Application
4.4.8.2 Market by Product
4.4.9 South Korea
4.4.9.1 Market by Application
4.4.9.2 Market by Product
4.4.10 Rest-of-Asia-Pacific
4.4.10.1 Market by Application
4.4.10.2 Market by Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 South America
4.5.6.1 Market by Application
4.5.6.2 Market by Product
4.5.7 Middle East and Africa
4.5.7.1 Market by Application
4.5.7.2 Market by Product
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 IDEMIA
5.2.1.1 Overview
5.2.1.2 Top Products/Product Portfolio
5.2.1.3 Top Competitors
5.2.1.4 Target Customers
5.2.1.5 Key Personnel
5.2.1.6 Analyst View
5.2.1.7 Market Share
5.2.2 LexisNexis Risk Solutions
5.2.2.1 Overview
5.2.2.2 Top Products/Product Portfolio
5.2.2.3 Top Competitors
5.2.2.4 Target Customers
5.2.2.5 Key Personnel
5.2.2.6 Analyst View
5.2.2.7 Market Share
5.2.3 Experian
5.2.3.1 Overview
5.2.3.2 Top Products/Product Portfolio
5.2.3.3 Top Competitors
5.2.3.4 Target Customers
5.2.3.5 Key Personnel
5.2.3.6 Analyst View
5.2.3.7 Market Share
5.2.4 Equifax Inc.
5.2.4.1 Overview
5.2.4.2 Top Products/Product Portfolio
5.2.4.3 Top Competitors
5.2.4.4 Target Customers
5.2.4.5 Key Personnel
5.2.4.6 Analyst View
5.2.4.7 Market Share
5.2.5 Thales
5.2.5.1 Overview
5.2.5.2 Top Products/Product Portfolio
5.2.5.3 Top Competitors
5.2.5.4 Target Customers
5.2.5.5 Key Personnel
5.2.5.6 Analyst View
5.2.5.7 Market Share
5.2.6 GB Group plc
5.2.6.1 Overview
5.2.6.2 Top Products/Product Portfolio
5.2.6.3 Top Competitors
5.2.6.4 Target Customers
5.2.6.5 Key Personnel
5.2.6.6 Analyst View
5.2.6.7 Market Share
5.2.7 TransUnion LLC
5.2.7.1 Overview
5.2.7.2 Top Products/Product Portfolio
5.2.7.3 Top Competitors
5.2.7.4 Target Customers
5.2.7.5 Key Personnel
5.2.7.6 Analyst View
5.2.7.7 Market Share
5.2.8 Mastercard
5.2.8.1 Overview
5.2.8.2 Top Products/Product Portfolio
5.2.8.3 Top Competitors
5.2.8.4 Target Customers
5.2.8.5 Key Personnel
5.2.8.6 Analyst View
5.2.8.7 Market Share
5.2.9 Onfido
5.2.9.1 Overview
5.2.9.2 Top Products/Product Portfolio
5.2.9.3 Top Competitors
5.2.9.4 Target Customers
5.2.9.5 Key Personnel
5.2.9.6 Analyst View
5.2.9.7 Market Share
5.2.10 Trulioo
5.2.10.1 Overview
5.2.10.2 Top Products/Product Portfolio
5.2.10.3 Top Competitors
5.2.10.4 Target Customers
5.2.10.5 Key Personnel
5.2.10.6 Analyst View
5.2.10.7 Market Share
5.2.11 IDology
5.2.11.1 Overview
5.2.11.2 Top Products/Product Portfolio
5.2.11.3 Top Competitors
5.2.11.4 Target Customers
5.2.11.5 Key Personnel
5.2.11.6 Analyst View
5.2.11.7 Market Share
5.2.12 Mitek Systems, Inc.
5.2.12.1 Overview
5.2.12.2 Top Products/Product Portfolio
5.2.12.3 Top Competitors
5.2.12.4 Target Customers
5.2.12.5 Key Personnel
5.2.12.6 Analyst View
5.2.12.7 Market Share
5.2.13 Jumio
5.2.13.1 Overview
5.2.13.2 Top Products/Product Portfolio
5.2.13.3 Top Competitors
5.2.13.4 Target Customers
5.2.13.5 Key Personnel
5.2.13.6 Analyst View
5.2.13.7 Market Share
5.2.14 PXL Vision AG
5.2.14.1 Overview
5.2.14.2 Top Products/Product Portfolio
5.2.14.3 Top Competitors
5.2.14.4 Target Customers
5.2.14.5 Key Personnel
5.2.14.6 Analyst View
5.2.14.7 Market Share
5.2.15 Ekata
5.2.15.1 Overview
5.2.15.2 Top Products/Product Portfolio
5.2.15.3 Top Competitors
5.2.15.4 Target Customers
5.2.15.5 Key Personnel
5.2.15.6 Analyst View
5.2.15.7 Market Share
5.2.16 Others
Global Identity Verification Market Report Coverage
|
Global Identity Verification Market |
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|
Base Year |
2023 |
Market Size in 2024 |
$13.45 Billion |
|
Forecast Period |
2024-2034 |
Value Projection and Estimation by 2034 |
$43.45 Billion |
|
CAGR During Forecast Period |
12.44% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled in the global identity verification market have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
• Experian
• GB Group plc
• TransUnion LLC
• IDEMIA
• Equifax Inc.
Key Questions Answered in this Report:
• What are the primary drivers fueling the demand for identity verification solutions in the market?
• What are the notable patents filed by companies operating within the global identity verification market?
• Who are the key players in the global identity verification market, and what are their respective market shares?
• What partnerships or collaborations are prominent among stakeholders in the global identity verification market?
• What strategies are major companies employing to gain a competitive advantage in the identity verification market?
• What is the future outlook for the identity verification market in terms of growth potential?
• What is the current estimation of the global identity verification market, and what growth trajectory is anticipated from 2024 to 2034?
• Which application and product segments are forecasted to lead the identity verification market over the forecast period (2024-2034)?
• What could be the impact of growing end-user demand on the global identity verification market?
• Which regions demonstrate the highest adoption rates for identity verification solutions, and what factors contribute to their leadership?
Introduction to the Identity Verification Market
The identity verification market is experiencing dynamic growth driven by several key market dynamics. The increasing digitalization of services across industries, coupled with heightened security concerns and stringent regulatory compliance requirements, underscores the importance of robust identity verification solutions. Considering the optimistic scenario, the market is valued at $13.45 billion in 2024 and is expected to grow at a CAGR of 12.44% to reach $43.45 billion by 2034.
Technological advancements, particularly in biometrics, artificial intelligence, and machine learning, are revolutionizing identity verification processes and enhancing accuracy, efficiency, and security. The shift toward mobile verification, fueled by the widespread adoption of smartphones, further amplifies the demand for convenient and accessible identity verification methods.
Moreover, industry adoption across sectors such as banking, finance, healthcare, and e-commerce, along with the globalization of markets, is driving market expansion and competition among vendors. Against the backdrop of an evolving cybersecurity landscape and growing user privacy concerns, market players are innovating to build trust and differentiate themselves in the competitive landscape. Overall, these dynamic market forces underscore the critical role of identity verification in ensuring security, compliance, and trust in today's digital age.
North America has stringent regulatory requirements, particularly in industries such as finance, healthcare, and e-commerce. Regulations such as Know Your Customer (KYC), Anti-Money Laundering (AML), Health Insurance Portability and Accountability Act (HIPAA), and General Data Protection Regulation (GDPR) compel organizations to implement robust identity verification processes.
Market Segmentation:
Segmentation 1: by End-Use Industry
• Banking, Financial Services and Insurance (BFSI)
• Government and Private Institutions
• Aerospace and Defense
• Pharmaceutical and Healthcare
• Retail and E-Commerce
• Others
Segmentation 2: by Deployment
• On-Premise
• Cloud
Segmentation 3: by Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises
Segmentation 4: by Offering
• Solutions
• Services
Segmentation 5: by Type
• Biometrics
• Non-Biometrics
Segmentation 6: by Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-World
Global Identity Verification Market
Focus on Offering, Type, End-Use Industry, Deployment, Organization Size, and Region - Analysis and Forecast, 2024-2034